$NEAR is currently testing a major long-term support zone around $1.10–$1.30, an area where buyers have historically stepped in. After a prolonged downtrend from the 2024 highs, price is now compressing near this level, suggesting the market is trying to find stability.
If this key support holds, we could see a relief bounce toward the $2.00–$2.30 resistance zone. However, if price breaks below $1.05, it could open the door for further downside and potential new lows.
In short, NEAR is at a critical decision point: either buyers defend this zone and trigger a rebound, or a breakdown could extend the bearish trend.
DYOR, NFA
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